5 Takeaways From Beauty’s Big M&A Year
In 2025, beauty deals were dramatic and expansive as the industry kept up its momentum despite China’s decline and the uncertainty of US tariffs.Hailey Bieber’s beauty and skincare brand Rhode was acquired by Elf Beauty for $1 billion in May, and Kering sold Kering Beauté to L’Oréal for €4 billion in October....















